By Daniel J. Weiss and Miranda Peterson The 2013 profit totals are in for the big five oil companies—BP, Chevron, ConocoPhillips, Exxon Mobil and Shell. Their financial reports indicate that they earned a combined total of $93 billion last year, or $177,000 per minute. After years of oil production declines, the big five oil companies actually increased their […]
By Phil Ortiz Recent developments in Europe and the U.S. are setting the groundwork for a surge in Canadian tar sands production. In both regions, government leaders are considering proposals that would loosen import and export regulations for the fuel, which has been estimated to produce 23 percent more greenhouse gases than conventional oil. Graphic courtesy of […]
[This is the third article in a four-part series. Read part one, read part two, read part four.] Today Waterkeeper Alliance and Yadkin Riverkeeper issued the results of water sampling from the Dan River in the wake of the third largest coal ash spill in U.S. history. A certified laboratory analysis of Waterkeeper’s samples, completed today, reveals that the […]
[This is the second article in a four-part series. Read part one, read part three, read part four.] In the wake of what may be the third largest coal ash spill in U.S. history, Waterkeeper Alliance deployed a disaster response team to assess the damage and monitor remediation efforts by Duke Energy and the of […]
[This is the first article in a four-part series. Read part two, read part three, read part four.] Yesterday afternoon, Duke Energy reported that it spilled between 50,000 to 82,000 tons of coal ash into the Dan River near Eden, NC. To put the volume in perspective, the spill is the equivalent of 413 to […]
A mind-boggling sum of about $800 for each person on the planet is invested into fossil fuel companies through the global capital markets alone. That’s roughly 10 percent of the total capital invested in listed companies. The amount of money invested into the 200 biggest fossil fuel companies through financial markets is estimated at 5.5 trillion dollars. […]
Late yesterday, the U.S. Environmental Protection Agency (EPA) announced plans to finalize first-ever federal regulations for the disposal of coal ash by Dec.19, 2014, according to a settlement in a lawsuit brought by environmental and public health groups and a Native American tribe. The settlement does not dictate the content of the final regulation, but […]
We are about to be deluged with news reports that the U.S. is suddenly awash in decades worth of cheap, abundant supplies of natural gas and oil. Why? Because the U.S. Energy Information Administration (EIA) has recently released a preview of their 2014 forecasts in which they predict energy trends within the U.S. through 2040. […]
By Ben Jervey As a direct result of the Bakken shale oil boom, more crude oil was spilled from rail cars last year than in the previous four decades combined. That’s according to a McClatchy analysis of federal data from the Pipeline and Hazardous Materials Safety Administration (PHMSA), which governs rail transport of liquid fuels like crude. […]
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